STAG Industrial (NYSE:STAG - Free Report) had its price objective decreased by Raymond James from $40.00 to $36.00 in a research report report published on Monday,Benzinga reports. Raymond James currently has an outperform rating on the real estate investment trust's stock.
STAG has been the subject of several other reports. Royal Bank of Canada reduced their target price on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a report on Monday, January 27th. Barclays cut their target price on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, STAG Industrial presently has an average rating of "Hold" and a consensus target price of $39.57.
Read Our Latest Analysis on STAG Industrial
STAG Industrial Trading Up 2.0 %
STAG stock traded up $0.64 during trading on Monday, hitting $33.15. The company had a trading volume of 1,047,173 shares, compared to its average volume of 1,195,521. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial has a one year low of $28.61 and a one year high of $41.63. The business has a 50-day moving average of $34.61 and a 200-day moving average of $35.34. The stock has a market cap of $6.19 billion, a PE ratio of 31.88 and a beta of 0.96.
STAG Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. Research analysts predict that STAG Industrial will post 2.47 earnings per share for the current fiscal year.
STAG Industrial Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend is Monday, June 30th. STAG Industrial's payout ratio is 143.27%.
Insider Transactions at STAG Industrial
In other news, Director Benjamin S. Butcher sold 50,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the transaction, the director now owns 9,632 shares in the company, valued at $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company's stock.
Hedge Funds Weigh In On STAG Industrial
Large investors have recently modified their holdings of the stock. HighTower Advisors LLC boosted its holdings in shares of STAG Industrial by 22.6% in the third quarter. HighTower Advisors LLC now owns 13,620 shares of the real estate investment trust's stock valued at $537,000 after purchasing an additional 2,508 shares during the period. Stifel Financial Corp increased its position in STAG Industrial by 5.6% during the 3rd quarter. Stifel Financial Corp now owns 52,278 shares of the real estate investment trust's stock valued at $2,044,000 after purchasing an additional 2,795 shares during the period. Wolverine Trading LLC purchased a new stake in shares of STAG Industrial in the 3rd quarter worth approximately $202,000. Wellington Management Group LLP boosted its stake in shares of STAG Industrial by 8.2% during the third quarter. Wellington Management Group LLP now owns 103,440 shares of the real estate investment trust's stock valued at $4,043,000 after purchasing an additional 7,852 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of STAG Industrial by 707.2% in the 3rd quarter. Jane Street Group LLC now owns 138,086 shares of the real estate investment trust's stock worth $5,398,000 after acquiring an additional 120,979 shares in the last quarter. Institutional investors own 88.67% of the company's stock.
About STAG Industrial
(
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STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.
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